MUST READS
Bitcoin Booster Tim Draper Has Some âCrackpotâ Theories. Perhaps You Should Listen
Tim Draper has some bold ideas. Like splitting California into three separate states… thinking Bitcoin will reach $250,000 by 2022… or like back in 2014, predicting Bitcoin would hit $10,000 in three years time (when Bitcoin was only worth $413).
So maybe Draperâs ideas arenât that crazy. He was an early investor in Skype and Tesla, two companies thatâregardless of Elon Muskâs regular Twitter gaffesâare alive and influential today. âThe futureâs gonna be awesome.” Maybe heâs right.
[NSFW]Â Spankchain:Â An Adult Entertainment Ecosystem Built on the Ethereum network.
Whatever your thoughts are regarding SpankChain and the Adult Entertainment industry in general, it’s worth moving past it to appreciate a team that’s building something that they truly believe in.
(This is something we cannot say about every crypto project.)
đ Another Giveaway: Circle Invest to Reward Customers with Free Crypto Assets
- đ±Download Circle Invest (iOS and Android)
- đ° Make your first investment
- đŹ Tweet about it
- đ Sit back and wait for your free crypto asset (it could be a Bitcoin)
Protect Ya Neck: Victims Sue AT&T, T-Mobile Over âSIM Swapâ Crypto Hacks
A cryptocurrency-focused law firm based in the U.S., says it has filed arbitration claims against AT&T and T-Mobile on behalf of victims of âSIM swappingâ cellphone hacks.
In a press release published Friday, the law firm stated that one client, an AT&T customer, had had over $621,000 of cryptocurrency stolen via a SIM swap attack. The firm further alleges that the breach occurred after AT&T âhad assured him it had increased security on his account following an earlier attempted hack.â
Need a refresher on SIM swapping and mobile phone fraud? This read by Krebs on Security is a great primer that covers some solid tips and myths.
SPONSORED
In Case You Missed It: The Best Pot Stocks to Buy Before Full LegalizationâŠ
In a shocking turn of events, former Speaker of the US House of Representatives John Boehner says, âAmericans should go all in on weedâ.
At the American Cannabis Summit (the first-ever nationwide event for cannabis investors) he revealed why he’s going ALL-IN on marijuana… and exactly how ordinary Americans can make a fortune from this hundred-billion-dollar industry.
To see a special rebroadcast of this historic event, click here.
This is a unique chance for you to get involved in Americaâs most controversial & lucrative industryâŠ
Itâs up to you.
Hurry and see what this breakthrough investment research could mean for you while you still can.
DEEP DIVE
Corporate America’s Blockchain and Bitcoin Fever is Over
The 2018 buzzword for public companies is dead. Mentions of âblockchainâ in corporate earnings calls and presentations have fallen as much as 80% over the last three quarters.
At the peak earlier this year, âblockchainâ was mentioned 173 times, according to an analysis of company transcripts by Axios, but the number has fallen to just 35 in November.
Hack(3)d
Thereâs been a bevy of crypto-jacking attacks over the past week. Let’s take a look at the ones that made headlines…
- Hack #1: Hackers infect nearly 700,000 websites with Bitcoin-stealing malware (although the focus was just one exchange)
- Hack #2: Canadian University shuts down its ENTIRE computer network to stop Bitcoin crypto-jackers
- Hack #3: Verified Twitter accounts owned by Google, Target and more have become the latest to be hacked to host crypto âgiveawayâ scams
Crypto Market Cap: An In-Depth Review & Survey Of Emerging Alternatives
Talk about worlds colliding. The two great minds of Clay Collins (who we’ve sat down with before) and Nathanial Whittemore (must follow) worked together to create this monster write up on the most common metric in crypto… that’s also one of the most flawed.
As a crypto community, the better the metrics, the better the work weâll do. đȘ
REGULATORY FRONT
đïž The SEC Has Officially Taken Its First Enforcement Action Against a Crypto Exchange
In a regulatory action straight out of left field, the SEC has formally charged Zachary Coburn, the founder of EtherDelta, for operating an unregulated and unlicensed securities exchange.
If you are unaware, this comes as a pivotal move for the SEC as (1) it’s their first EVER direct action against an exchange and (2) EtherDelta is a decentralizedexchange that facilitates trading without a central party. It runs entirely on code, without a group or individual behind it, while centralized exchanges like Coinbase are run by individuals.
âThe focus is not on the label you put on something or the technology youâre using. The focus is on the function, and what the platform is doing. Whether itâs decentralized or not, whether itâs on a smart contract or not, what matters is itâs an exchange.â
The biggest takeaway? This is likely the first of many SEC enforcement actions against crypto exchanges. But here’s our favorite lawyer Jake Chervinsky on the entire story, as there’s a lot more to unpack.
Analysis: The U.S. Has Seized Nearly 200,000 Bitcoins to Date, Global Confiscations Are Up to 453,000
One of the coolest things about Bitcoin is that it is censorship resistant… and that no central authority can confiscate your Bitcoin. The problem is, of course, the crypto community is faced with criminals who don’t really follow the best practices. And here are the results…
According to The Blockâs findings, the total amount of seized bitcoins is now 1 out of every 40 â 2.6% of the circulating supply.
TWEET OF THE WEEK
Initiative Q: One of the biggest scams in crypto right now…
Other Articles You May Enjoy
- Introducing:Â Binance Research
- This $36.5M dollar NYC condominium has just been sliced into digital shares
- The business of bitcoin cold storage
- Let’s take a deeper dive into the history and philosophy of the overarching cypherpunk movement
- Three challenges facing blockchain technology
- Ethereum-based betting platform Augur records $2 Million in bets during US midterm elections
- Sexual assault survivor uses crypto to crowdfund anonymously
- Chinese school teachers caught mining Ethereum at work